Betfred Cash Out Explained
Learn everything you need to know about Betfred cash out: what it is, how it works and when to use it.
UKGC Licensed
Betfred Cash Out Explained
Most top online betting sites, one of which is Betfred, now have their own form of cash out. UK punters demand lots of flexibility over their wagers these days, with the cash-out function enabling them to lock in some guaranteed profit from a bet or cut their losses instead. You can read our general guide about the cash-out feature here.
Betfred cash out is this British betting brand's version of the feature, giving those who bet on major sports such as horse racing, football, tennis and golf a chance to cash out bets early. It is one of many reasons why Betfred has been named among the top ten horse racing bookies, for instance, as keeping up with the times is essential.
But how exactly does Betfred cash out work, what are the different types of cash-outs available at Betfred and what do users need to do to cash out their bets on the Betfred betting site? We have the answers to all those questions and more in our complete guide to Betfred cash-out.
What is Betfred Cash Out?
As is the case at most of the UK's best betting sites these days, Betfred now allows customers to lock in some early profit from any winning wagers through the use of its cash-out system. It can be used across a wide range of sports and markets on the site, with singles and multiples such as accumulators among those qualifying for the feature.
Customers can see the amount of money offered via Betfred cash out by checking out the 'My Bets' section, allowing them to take the profit offered or let the rest of the bet ride. Cash out is unfortunately not yet available on every market at Betfred. The site has a cash-out icon on its sportsbook where users can quickly see the bets that they will be able to cash out.
How Betfred Cash Out Works
As long as customers have placed a bet that is eligible for cash out at Betfred, they will be able to see the offer being made for them to potentially lock in an amount of profit from their wagers.
Various factors are taken into account when calculating the value of cash-out offers at Betfred. These include the original stake that was put down on the bet, the state of any legs that are in play and the current market price of any remaining selections yet to get up and running.
Users will need to manually refresh the ‘Cash Out Statement' page within their Betfred account in order to stay fully informed of the latest offers that are up for grabs. It is therefore important to keep a keen eye on the ‘Cash Out Statement' page when considering using this Betfred feature.
For all single bets for sporting action other than horse racing, cash out will be available as soon as the event goes in play. For multiple bets, cash out is offered once the first leg is in play.
Different Types of Cash Out Available at Betfred
A few different types of cash-outs are available at many of the UK's top online betting sites. Partial cash out is an example of a different type of cash out that is now offered by a lot of the major British gambling sites, but Betfred is yet to join the list of UK sites with this handy feature.
Similarly, Betfred does not yet offer any form of auto cash out, which is also getting more popular. The Betfred cash-out offer is quite basic at the moment, but there is every chance that some more different types of cash-outs will be made available in the future. This is one of the reasons why Betfred is not in the top half of our top ten bookies for football betting.
How To Cash Out With Betfred
Log in to Betfred and place an eligible bet
Look out for the cash-out symbol before placing the bet, as it will confirm if the feature is available or not.
Monitor your bet during the event
Once the event is up and running, monitor your bet and the cash-out options in real time at Betfred.
Select which bet you would like to cash out
Once you have selected the bet, all you need to do is tap on the 'Cash Out' button.
Tap on 'Take' to accept the cash out
Doing this will complete the process, so there is no turning back afterwards.
Why Betfred Cash Out Might Not Be Available
There are a few reasons why cash out with Betfred may not be available for a wager:
-
Eligibility: Not all sports and markets are covered by cash out at Betfred
-
Live: The cash-out offer will only be accessible once the event is live and in-play
-
Bonuses: Cash out at Betfred is not normally offered when a free bet was used
-
Suspended: When betting on one or more legs is suspended, cash out is unavailable
-
Closed: If a market is closed but awaiting settlement, cash out may not be offered
Betfred Cash Out FAQs
Can you cash out on Betfred?
How long does it take to cash out on Betfred?
Can you cash out shop bets with Betfred?
Steven is an experienced iGaming content writer who has been working in the industry since 2018. He is passionate about sports betting and enjoys writing about all aspects of the industry, including bookmaker reviews, betting tips and strategies, and news and analysis. If you have any questions about online gambling in the UK, please don't hesitate to contact him.